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U.S. electric vehicle incentives may increase to 10,000 U.S. dollars

by:Yisheng      2021-06-07

According to foreign media reports, as part of its large-scale infrastructure construction bill, the US federal government is currently seeking to increase investment in the electrification of vehicles. It is not yet clear how much money the US government will invest, but there is news that the amount of the US electric vehicle tax credit may be increased to 10,000 US dollars.

(Image source: Tesla)

Wedbush analyst Dan Ives said that rumors from Washington said that the new incentives would be $10,000. Ives, one of the top analysts tracking the electric vehicle market, said: “We have received news that the current tax credit of $7,500 may be increased to $10,000. This will not only become a huge catalyst for Tesla, but also Will become a huge catalyst for the American electric vehicle ecosystem.” If the rumors are true, this move is likely to greatly increase the sales of electric vehicles in the United States.

The Biden government announced its infrastructure plan outline last week, which includes a summary of the planned investment of US$174 billion in electrification. The summary released by the U.S. government confirmed that it is planning to reform the electric vehicle incentive program. Currently, the program provides a tax credit of $7,500 for each electric vehicle, and each car company has up to 200,000 electric vehicles to enjoy this concession.

In the past few months, as the Democratic Party has a majority of seats in the federal government, lawmakers have proposed several new reforms to the electric vehicle incentive plan, including the cancellation of 200,000 vehicles per manufacturer. limit.

Some Democrats proposed the GREEN Act to reform the electric vehicle incentive plan. Simply put, it is to allow car companies that have reached the 200,000 vehicle threshold to regain a $7,000 tax credit, allowing them to sell another 400,000 electric vehicles with this concession.

Others have proposed a bill called the 'Electric Cars ActThe bill also allows consumers to directly deduct the car payment when buying a car, rather than through tax credits. However, if consumers wish, they can also choose to deduct tax within a five-year period. The Electric Cars Act seems to be closer to what is announced in the summary of the infrastructure plan, but it is not clear what exactly will become the real law.

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